StockMarketWire.com - Cleaning products supplier McBride posted a 33% drop in annual profit, though its performance improved in the second half as the Covid-19 pandemic drove demand.

Pre-tax profit for the year through June fell to £10.9m, down from £16.2m on-year, as revenue fell 4.6% to £706.2m.

Adjusted profit from continuing operations fell by a more modest 1.2% to £24.2m as revenue from continuing operations fell 2.1%.

'Following a tough first half year, demand for many of our cleaning products rose strongly as a result of Covid-19,' chief executive Chris Smith said.

McBride also announced the initial findings of a business review and strategy, which was targeting annual revenues of €1bn over the next five years.


At 9:53am: [LON:MCB] McBride PLC share price was -1.3p at 64.5p



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